Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Barings BDC, Inc. shares valued at $5,529 were purchased by BYERS STEPHEN R on Feb 28 ’24. At $9.70 per share, BYERS STEPHEN R acquired 570 shares. The insider’s holdings grew to 21,647 shares worth approximately $0.2 million following the completion of this transaction.
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Also, BYERS STEPHEN R purchased 400 shares, netting a total of over 3,210 in proceeds. Following the buying of shares at $8.03 each, the insider now holds 21,077 shares.
Before that, O’Connor Michael James had added 25,000 shares to its account. In a trade valued at $185,732, the Adviser Board Member bought Barings BDC, Inc. shares for $7.43 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $0.23 million.
As published in a research note from Wells Fargo on November 13, 2023, Barings BDC, Inc. [BBDC] has been rated down from an Overweight to an Equal weight and the price target has been revised to $8.50 from $9. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in late February. As of November 14, 2022, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for BBDC. Earlier on August 11, 2022, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for BBDC stock which previously was a “a Strong buy”.
Analyzing BBDC Stock Performance
During the last five days, there has been a surge of approximately 1.32%. Over the course of the year, Barings BDC, Inc. shares have jumped approximately 6.99%. Shares of the company reached a 52-week high of $9.89 on 02/28/24 and a 52-week low of $8.55 on 01/02/24. A 50-day SMA is recorded $9.17, while a 200-day SMA reached $8.80.
Support And Resistance Levels for Barings BDC, Inc. (BBDC)
According to the 24-hour chart, there is a support level at 9.08, which, if violated, would cause prices to drop to 8.97. In the upper region, resistance lies at 9.24. The next price resistance is at 9.29. RSI (Relative Strength Index) is 47.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 73.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Barings BDC, Inc. subject to short interest?
Stocks of Barings BDC, Inc. saw a sharp rise in short interest on Feb 29, 2024 jumping by 71990.0 shares to 0.87 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 0.8 million shares. A jump of 8.3% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.91 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.91.
